On February 10, 2014, the U.S. Treasury Department and the Internal Revenue Service announced another one-year delay for a portion of businesses covered by the Employer Mandate portion of the Affordable Care Act (also known as the “ACA” or “ObamaCare”). Specifically, otherwise-covered entities with 50 to 99 full-time employees will not have to comply with the Mandate until January 1, 2016. Meanwhile, employers with 100 or more full-time employees now only will need to offer coverage to 70 percent of their full-time employees in 2015. However, all covered employers will be required to offer coverage to the previously mandated 95 percent of full-time employees beginning in 2016.
Click here to read the entire article as published in the February 7th edition of Corporate Counsel magazine.